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MNI EUROPEAN MARKETS ANALYSIS: Fed Speak In Focus Later

MNI (SYDNEY)
  • US news outlets have touted foreign policy hawks for some key Trump administration positions (Marco Rubio for Secretary of State and former veteran Republican Mike Waltz for National Security Adviser).
  • The USD has mostly been on the front foot (outside of modest yen gains). USD/CNH continues to push higher. US Cash tsys have reopened after a three day break, with the curve bear-flattening.
  • Australian consumer and business confidence rose but hasn't impacted local sentiment.
  • Later the Fed’s Waller, Barkin, Kashkari and Harker speak and the Senior Loan Officer Survey is published. US October small business optimism and NY Fed 1-yr inflation expectations plus UK labour market data and euro area November ZEW print. ECB’s Cipollone and BoE’s Pill appear.

MARKETS


US TSYS: Tsys Futures Off Earlier Highs, Curve Ber-Flattens, Fed Speakers Later

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MNI (SYDNEY)
  • US news outlets have touted foreign policy hawks for some key Trump administration positions (Marco Rubio for Secretary of State and former veteran Republican Mike Waltz for National Security Adviser).
  • The USD has mostly been on the front foot (outside of modest yen gains). USD/CNH continues to push higher. US Cash tsys have reopened after a three day break, with the curve bear-flattening.
  • Australian consumer and business confidence rose but hasn't impacted local sentiment.
  • Later the Fed’s Waller, Barkin, Kashkari and Harker speak and the Senior Loan Officer Survey is published. US October small business optimism and NY Fed 1-yr inflation expectations plus UK labour market data and euro area November ZEW print. ECB’s Cipollone and BoE’s Pill appear.

MARKETS


US TSYS: Tsys Futures Off Earlier Highs, Curve Ber-Flattens, Fed Speakers Later

Keep reading...Show less